APL growth prospects a better all the time. Current weakness in sh price likely result of weakness in ethane, propane and to lessor degree natural gas.
zolmax.com
Atlas Energy Price Target Raised to $50.00 at Morgan Stanley (ATLS)Posted by Stuart Ham on Apr 10th, 2012 // No Comments
Morgan Stanley (NYSE: MS) increased their price target on shares of Atlas Energy (NASDAQ: ATLS) to $50.00 in a research note issued on Tuesday.
The analysts wrote, “Our new price target reflects $200+M of recent acquisitions (Barnett, Mississippi Lime) and assumes $250M of ARP retail partnership capital raises and $250M of external acquisitions annually. We believe ATLS’s two general partner (GP) interests in differentiated underlying secular growth strategies in the midstream (APL,
Overweight, price target $44) and upstream (ARP, where a unique partnership drilling program provides upside) create one of the most compelling MLP growth stories in our coverage. It is also one of the most underappreciated given its complexity, but we think this
is where opportunity lies.”
Atlas Energy opened at 36.61 on Tuesday. Atlas Energy has a 52-week low of $15.82 and a 52-week high of $35.87. The company has a market cap of $1.878 billion and a price-to-earnings ratio of 40.48.
The company last announced its quarterly results on Tuesday, February 21st. It reported $0.67 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.35 EPS by $0.32. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Atlas Energy will post $0.00 earnings per share next quarter.
Atlas Energy, Inc., formerly Atlas America, Inc., is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, the Michigan Basin and the Illinois Basin. |
